China Union Life Insurance Equity
Sector: Commercial • Location: China
Source: International Finance Corporation (IFC)
The proposed project entails IFC’s equity investment of up to RMB690 million (US$100 million equivalent) in Union Life Insurance Co., Ltd. (“Union Life”, the “Company”). Union Life was established in 2005 by a group of domestic private enterprises and is headquartered in Beijing, China. The Company currently operates in 26 provinces through 28 branches, over 750 sales offices, and 78,000 agents,
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project entails IFC’s equity investment of up to RMB690 million (US$100 million equivalent) in Union Life Insurance Co., Ltd. (“Union Life”, the “Company”). Union Life was established in 2005 by a group of domestic private enterprises and is headquartered in Beijing, China. The Company currently operates in 26 provinces through 28 branches, over 750 sales offices, and 78,000 agents, and serves nearly 4 million long term individual customers. The Company recorded gross written premium of RMB18.8 billion (US$2.8 billion equivalent) in 2016. Its total asset and shareholders’ equity stood at RMB81.7 billion (US$ 12 billion equivalent) and RMB6.1 billion (US$897 million equivalent), respectively, by the end of 2016. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |